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PUBLISHER: Polaris Market Research | PRODUCT CODE: 1259839

PUBLISHER: Polaris Market Research | PRODUCT CODE: 1259839

Annatto Market Share, Size, Trends, Industry Analysis Report, By Type (Oil-soluble Annatto, Water-soluble Annatto, Emulsified, and Solvent-extracted Annatto); By Application; By Region; Segment Forecast, 2023-2032

PUBLISHED: March 1, 2023

PAGES: 118 Pages

DELIVERY TIME: 1-2 business days

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The global annatto market size is expected to reach USD 340.94 million by 2032, according to a new study by Polaris Market Research. The report "Annatto MarketShare, Size, Trends, Industry Analysis Report, By Type (Oil-soluble Annatto, Water-soluble Annatto, Emulsified, and Solvent-extracted Annatto); By Application; By Region; Segment Forecast, 2023-2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.

Expansion of the market is anticipated to benefit from the rising demand from the food industry. Annatto extracts are frequently used in quick service restaurants (QSR) to improve the flavor & appearance. Extracts are used in various foods, including butter, processed cheese, desserts, fillings, toppings, & pasta. These extracts can also be used in confectionery, ice cream, and other products. Additionally, the growing customer preference for natural food additives due to rising public health concerns fuels the market expansion for annatto extracts.

Furthermore, dairy product demand has increased due to the rising global population and increased health awareness. According to the Food and Agriculture Organization (FAO), global milk production rose 1.4% from 2018 to 852 million tonnes in 2019, fueling market growth even more. The growing acceptance of lactose-free dairy products, particularly in western regions, drives market expansion.

Also, the rising demand for aging benefits drives the product's demand. For instance, in September 2019, Annatto-GGTM 150, a ground-breaking substance that promotes healthy aging, specifically muscle protein synthesis, bone health, and cellular energy production, was introduced by Designs for Health (DFH). Therefore, the demand for annatto is rising as dietary supplements are demanded among the population.

Additionally, as opposed to a boost in output per person, this growth is primarily the result of an increase in the number of producing animals. Poor-quality feed sources, illnesses, restricted access to markets & services, and the low potential for the milk production of dairy cows are all factors that limit dairy output in many developing nations. Unlike wealthy countries, many emerging nations have hot, humid conditions unsuitable for dairy farming.

Annatto Market Report Highlights:

The oil-soluble annatto segment is expected to grow at considerable CAGR over the forecast period. The segment is expected to rise as a result of some factors, consumers are switching to natural color additives.

The market in the North American region is anticipated to expand rapidly due to governments increasingly promoting the use of natural food colors in a variety of food and beverage applications.

The global players include Aarkay Food, Aicacolor, Amerilure, Biocon Del Peru, Hansen Holding, DDW, Inc., Frutarom Natural, Kalsec, Inc., Sensient Technologies, & Wild Flavors.

Polaris Market Research has segmented the Annatto Market report based on type, application, and region:

Annatto Market, Type Outlook (Revenue - USD Million, 2019 - 2032)

Oil-soluble Annatto

Water-soluble Annatto

Emulsified and Solvent-extracted Annatto

Annatto Market, Application Outlook (Revenue - USD Million, 2019 - 2032)

Food Industry

Fabric Industry

Cosmetic Industry

Others

Annatto Market, Regional Outlook (Revenue - USD Million, 2019 - 2032)

North America

U.S.

Canada

Europe

Germany

France

Italy

Spain

Russia

Netherlands

Asia Pacific

China

India

Japan

South Korea

Indonesia

Malaysia

Latin America

Argentina

Brazil

Mexico

Middle East & Africa

UAE

Saudi Arabia

Israel

South Africa

Product Code: PM3090

1. Introduction

1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
1.2. Stakeholders

2. Executive Summary

2.1. Market Highlights

3. Research Methodology

3.1. Overview
- 3.1.1. Data Mining
3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources

4. Global Annatto Market Insights

4.1. Annatto Market - Industry Snapshot
4.2. Annatto Market Dynamics
- 4.2.1. Drivers and Opportunities
  - 4.2.1.1. Increasing the need for natural colorants in the cosmetics industry
  - 4.2.1.2. Natural Colorants' Favorable Consumption Patterns
- 4.2.2. Restraints and Challenges
  - 4.2.2.1. High costs and a lack of stability
4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
4.4. PESTLE Analysis
4.5. Annatto Industry trends
4.6. Value Chain Analysis
4.7. COVID-19 Impact Analysis

5. Global Annatto Market, by Type

5.1. Key Findings
5.2. Introduction
- 5.2.1. Global Annatto, by Type, 2019-2032 (USD Million)
5.3. Oil-soluble Annatto
- 5.3.1. Global Annatto Market, by Oil-soluble Annatto, by Region, 2019-2032 (USD Million)
5.4. Water-soluble Annatto
- 5.4.1. Global Annatto Market, by Water-soluble Annatto, by Region, 2019-2032 (USD Million)
5.5. Emulsified and Solvent-extracted Annatto
- 5.5.1. Global Annatto Market, by Emulsified and Solvent-extracted Annatto, by Region, 2019-2032 (USD Million)

6. Global Annatto Market, by Application

6.1. Key Findings
6.2. Introduction
- 6.2.1. Global Annatto Market, by Application, 2019-2032 (USD Million)
6.3. Food Industry
- 6.3.1. Global Annatto Market, by Food Industry, by Region, 2019-2032 (USD Million)
6.4. Fabric Industry
- 6.4.1. Global Annatto Market, by Fabric Industry, by Region, 2019-2032 (USD Million)
6.5. Cosmetic Industry
- 6.5.1. Global Annatto Market, by Cosmetic Industry, by Region, 2019-2032 (USD Million)
6.6. Others
- 6.6.1. Global Annatto Market, by Others, by Region, 2019-2032 (USD Million)

7. Global Annatto Market, by Geography

7.1. Key findings
7.2. Introduction
- 7.2.1. Annatto Market Assessment, By Geography, 2019-2032 (USD Million)
7.3. Annatto Market - North America
- 7.3.1. North America: Annatto Market, by Application, 2019-2032 (USD Million)
- 7.3.2. North America: Annatto Market, by Type, 2019-2032 (USD Million)
- 7.3.3. Annatto Market - U.S.
  - 7.3.3.1. U.S.: Annatto Market, by Application, 2019-2032 (USD Million)
  - 7.3.3.2. U.S.: Annatto Market, by Type, 2019-2032 (USD Million)
- 7.3.4. Annatto Market - Canada
  - 7.3.4.1. Canada: Annatto Market, by Application, 2019-2032 (USD Million)
  - 7.3.4.2. Canada: Annatto Market, by Type, 2019-2032 (USD Million)
7.4. Annatto Market - Europe
- 7.4.1. Europe: Annatto Market, by Application, 2019-2032 (USD Million)
- 7.4.2. Europe: Annatto Market, by Type, 2019-2032 (USD Million)
- 7.4.3. Annatto Market - UK
  - 7.4.3.1. UK: Annatto Market, by Application, 2019-2032 (USD Million)
  - 7.4.3.2. UK: Annatto Market, by Type, 2019-2032 (USD Million)
- 7.4.4. Annatto Market - France
  - 7.4.4.1. France: Annatto Market, by Application, 2019-2032 (USD Million)
  - 7.4.4.2. France: Annatto Market, by Type, 2019-2032 (USD Million)
- 7.4.5. Annatto Market - Germany
  - 7.4.5.1. Germany: Annatto Market, by Application, 2019-2032 (USD Million)
  - 7.4.5.2. Germany: Annatto Market, by Type, 2019-2032 (USD Million)
- 7.4.6. Annatto Market - Italy
  - 7.4.6.1. Italy: Annatto Market, by Application, 2019-2032 (USD Million)
  - 7.4.6.2. Italy: Annatto Market, by Type, 2019-2032 (USD Million)
- 7.4.7. Annatto Market - Spain
  - 7.4.7.1. Spain: Annatto Market, by Application, 2019-2032 (USD Million)
  - 7.4.7.2. Spain: Annatto Market, by Type, 2019-2032 (USD Million)
- 7.4.8. Annatto Market - Netherlands
  - 7.4.8.1. Netherlands: Annatto Market, by Application, 2019-2032 (USD Million)
  - 7.4.8.2. Netherlands: Annatto Market, by Type, 2019-2032 (USD Million)
- 7.4.9. Annatto Market - Russia
  - 7.4.9.1. Russia: Annatto Market, by Application, 2019-2032 (USD Million)
  - 7.4.9.2. Russia: Annatto Market, by Type, 2019-2032 (USD Million)
7.5. Annatto Market - Asia Pacific
- 7.5.1. Asia Pacific: Annatto Market, by Application, 2019-2032 (USD Million)
- 7.5.2. Asia Pacific: Annatto Market, by Type, 2019-2032 (USD Million)
- 7.5.3. Annatto Market - China
  - 7.5.3.1. China: Annatto Market, by Application, 2019-2032 (USD Million)
  - 7.5.3.2. China: Annatto Market, by Type, 2019-2032 (USD Million)
- 7.5.4. Annatto Market - India
  - 7.5.4.1. India: Annatto Market, by Application, 2019-2032 (USD Million)
  - 7.5.4.2. India: Annatto Market, by Type, 2019-2032 (USD Million)
- 7.5.5. Annatto Market - Malaysia
  - 7.5.5.1. Malaysia: Annatto Market, by Application, 2019-2032 (USD Million)
  - 7.5.5.2. Malaysia: Annatto Market, by Type, 2019-2032 (USD Million)
- 7.5.6. Annatto Market - Japan
  - 7.5.6.1. Japan: Annatto Market, by Application, 2019-2032 (USD Million)
  - 7.5.6.2. Japan: Annatto Market, by Type, 2019-2032 (USD Million)
- 7.5.7. Annatto Market - Indonesia
  - 7.5.7.1. Indonesia: Annatto Market, by Application, 2019-2032 (USD Million)
  - 7.5.7.2. Indonesia: Annatto Market, by Type, 2019-2032 (USD Million)
- 7.5.8. Annatto Market - South Korea
  - 7.5.8.1. South Korea: Annatto Market, by Application, 2019-2032 (USD Million)
  - 7.5.8.2. South Korea: Annatto Market, by Type, 2019-2032 (USD Million)
7.6. Annatto Market - Middle East & Africa
- 7.6.1. Middle East & Africa: Annatto Market, by Application, 2019-2032 (USD Million)
- 7.6.2. Middle East & Africa: Annatto Market, by Type, 2019-2032 (USD Million)
- 7.6.3. Annatto Market - Saudi Arabia
  - 7.6.3.1. Saudi Arabia: Annatto Market, by Application, 2019-2032 (USD Million)
  - 7.6.3.2. Saudi Arabia: Annatto Market, by Type, 2019-2032 (USD Million)
- 7.6.4. Annatto Market - UAE
  - 7.6.4.1. UAE: Annatto Market, by Application, 2019-2032 (USD Million)
  - 7.6.4.2. UAE: Annatto Market, by Type, 2019-2032 (USD Million)
- 7.6.5. Annatto Market - Israel
  - 7.6.5.1. Israel: Annatto Market, by Application, 2019-2032 (USD Million)
  - 7.6.5.2. Israel: Annatto Market, by Type, 2019-2032 (USD Million)
- 7.6.6. Annatto Market - South Africa
  - 7.6.6.1. South Africa: Annatto Market, by Application, 2019-2032 (USD Million)
  - 7.6.6.2. South Africa: Annatto Market, by Type, 2019-2032 (USD Million)
7.7. Annatto Market - Latin America
- 7.7.1. Latin America: Annatto Market, by Application, 2019-2032 (USD Million)
- 7.7.2. Latin America: Annatto Market, by Type, 2019-2032 (USD Million)
- 7.7.3. Annatto Market - Mexico
  - 7.7.3.1. Mexico: Annatto Market, by Application, 2019-2032 (USD Million)
  - 7.7.3.2. Mexico: Annatto Market, by Type, 2019-2032 (USD Million)
- 7.7.4. Annatto Market - Brazil
  - 7.7.4.1. Brazil: Annatto Market, by Application, 2019-2032 (USD Million)
  - 7.7.4.2. Brazil: Annatto Market, by Type, 2019-2032 (USD Million)
- 7.7.5. Annatto Market - Argentina
  - 7.7.5.1. Argentina: Annatto Market, by Application, 2019-2032 (USD Million)
  - 7.7.5.2. Argentina: Annatto Market, by Type, 2019-2032 (USD Million)

8. Competitive Landscape

8.1. Expansion and Acquisition Analysis
- 8.1.1. Expansion
- 8.1.2. Acquisitions
8.2. Partnerships/Collaborations/Agreements/Exhibitions

9. Company Profiles

9.1. Aarkay Food Products
- 9.1.1. Company Overview
- 9.1.2. Financial Performance
- 9.1.3. Product Benchmarking
- 9.1.4. Recent Development
9.2. Aicacolor
- 9.2.1. Company Overview
- 9.2.2. Financial Performance
- 9.2.3. Product Benchmarking
- 9.2.4. Recent Development
9.3. Amerilure
- 9.3.1. Company Overview
- 9.3.2. Financial Performance
- 9.3.3. Product Benchmarking
- 9.3.4. Recent Development
9.4. Biocon Del Peru
- 9.4.1. Company Overview
- 9.4.2. Financial Performance
- 9.4.3. Product Benchmarking
- 9.4.4. Recent Development
9.5. Chr Hansen Holding
- 9.5.1. Company Overview
- 9.5.2. Financial Performance
- 9.5.3. Product Benchmarking
- 9.5.4. Recent Development
9.6. D.D. Williamson
- 9.6.1. Company Overview
- 9.6.2. Financial Performance
- 9.6.3. Product Benchmarking
- 9.6.4. Recent Development
9.7. DDW, Inc
- 9.7.1. Company Overview
- 9.7.2. Financial Performance
- 9.7.3. Product Benchmarking
- 9.7.4. Recent Development
9.8. Fiorio Colori
- 9.8.1. Company Overview
- 9.8.2. Financial Performance
- 9.8.3. Product Benchmarking
- 9.8.4. Recent Development
9.9. FMC Corporation
- 9.9.1. Company Overview
- 9.9.2. Financial Performance
- 9.9.3. Product Benchmarking
- 9.9.4. Recent Development
9.10. Frutarom Natural
- 9.10.1. Company Overview
- 9.10.2. Financial Performance
- 9.10.3. Product Benchmarking
- 9.10.4. Recent Development
9.11. Kalsec
- 9.11.1. Company Overview
- 9.11.2. Financial Performance
- 9.11.3. Product Benchmarking
- 9.11.4. Recent Development
9.12. Naturex
- 9.12.1. Company Overview
- 9.12.2. Financial Performance
- 9.12.3. Product Benchmarking
- 9.12.4. Recent Development
9.13. Sensient Technologies
- 9.13.1. Company Overview
- 9.13.2. Financial Performance
- 9.13.3. Product Benchmarking
- 9.13.4. Recent Development
9.14. Wild Flavors
- 9.14.1. Company Overview
- 9.14.2. Financial Performance
- 9.14.3. Product Benchmarking
- 9.14.4. Recent Development

Product Code: PM3090

List of Tables

Table 1 Global Annatto Market, by Application, 2019-2032 (USD Million)
Table 2 Global Annatto Market, by Type, 2019-2032 (USD Million)
Table 3 Annatto Market Assessment, By Geography, 2019-2032 (USD Million)
Table 4 North America: Annatto Market, by Application, 2019-2032 (USD Million)
Table 5 North America: Annatto Market, by Type, 2019-2032 (USD Million)
Table 6 U.S.: Annatto Market, by Application, 2019-2032 (USD Million)
Table 7 U.S.: Annatto Market, by Type, 2019-2032 (USD Million)
Table 8 Canada: Annatto Market, by Application, 2019-2032 (USD Million)
Table 9 Canada: Annatto Market, by Type, 2019-2032 (USD Million)
Table 10 Europe: Annatto Market, by Application, 2019-2032 (USD Million)
Table 11 Europe: Annatto Market, by Type, 2019-2032 (USD Million)
Table 12 UK: Annatto Market, by Application, 2019-2032 (USD Million)
Table 13 UK: Annatto Market, by Type, 2019-2032 (USD Million)
Table 14 France: Annatto Market, by Application, 2019-2032 (USD Million)
Table 15 France: Annatto Market, by Type, 2019-2032 (USD Million)
Table 16 Germany: Annatto Market, by Application, 2019-2032 (USD Million)
Table 17 Germany: Annatto Market, by Type, 2019-2032 (USD Million)
Table 18 Italy: Annatto Market, by Application, 2019-2032 (USD Million)
Table 19 Italy: Annatto Market, by Type, 2019-2032 (USD Million)
Table 20 Spain: Annatto Market, by Application, 2019-2032 (USD Million)
Table 21 Spain: Annatto Market, by Type, 2019-2032 (USD Million)
Table 22 Netherlands: Annatto Market, by Application, 2019-2032 (USD Million)
Table 23 Netherlands: Annatto Market, by Type, 2019-2032 (USD Million)
Table 24 Russia: Annatto Market, by Application, 2019-2032 (USD Million)
Table 25 Russia: Annatto Market, by Type, 2019-2032 (USD Million)
Table 26 Asia Pacific: Annatto Market, by Application, 2019-2032 (USD Million)
Table 27 Asia Pacific: Annatto Market, by Type, 2019-2032 (USD Million)
Table 28 China: Annatto Market, by Application, 2019-2032 (USD Million)
Table 29 China: Annatto Market, by Type, 2019-2032 (USD Million)
Table 30 India: Annatto Market, by Application, 2019-2032 (USD Million)
Table 31 India: Annatto Market, by Type, 2019-2032 (USD Million)
Table 32 Malaysia: Annatto Market, by Application, 2019-2032 (USD Million)
Table 33 Malaysia: Annatto Market, by Type, 2019-2032 (USD Million)
Table 34 Japan: Annatto Market, by Application, 2019-2032 (USD Million)
Table 35 Japan: Annatto Market, by Type, 2019-2032 (USD Million)
Table 36 Indonesia: Annatto Market, by Application, 2019-2032 (USD Million)
Table 37 Indonesia: Annatto Market, by Type, 2019-2032 (USD Million)
Table 38 South Korea: Annatto Market, by Application, 2019-2032 (USD Million)
Table 39 South Korea: Annatto Market, by Type, 2019-2032 (USD Million)
Table 40 Middle East & Africa: Annatto Market, by Application, 2019-2032 (USD Million)
Table 41 Middle East & Africa: Annatto Market, by Type, 2019-2032 (USD Million)
Table 42 Saudi Arabia: Annatto Market, by Application, 2019-2032 (USD Million)
Table 43 Saudi Arabia: Annatto Market, by Type, 2019-2032 (USD Million)
Table 44 UAE: Annatto Market, by Application, 2019-2032 (USD Million)
Table 45 UAE: Annatto Market, by Type, 2019-2032 (USD Million)
Table 46 Israel: Annatto Market, by Application, 2019-2032 (USD Million)
Table 47 Israel: Annatto Market, by Type, 2019-2032 (USD Million)
Table 48 South Africa: Annatto Market, by Application, 2019-2032 (USD Million)
Table 49 South Africa: Annatto Market, by Type, 2019-2032 (USD Million)
Table 50 Latin America: Annatto Market, by Application, 2019-2032 (USD Million)
Table 51 Latin America: Annatto Market, by Type, 2019-2032 (USD Million)
Table 52 Mexico: Annatto Market, by Application, 2019-2032 (USD Million)
Table 53 Mexico: Annatto Market, by Type, 2019-2032 (USD Million)
Table 54 Brazil: Annatto Market, by Application, 2019-2032 (USD Million)
Table 55 Brazil: Annatto Market, by Type, 2019-2032 (USD Million)
Table 56 Argentina: Annatto Market, by Application, 2019-2032 (USD Million)
Table 57 Argentina: Annatto Market, by Type, 2019-2032 (USD Million)